I think it helps flippers as it is easy to find the purchase pricesp versus selling price.  

I liken it to the "cash value life insurance for retirement success" or "invest in crypto to become a quick easy millionaire" ideas. 

When I consider the risk and the rebuilding costs, I am surprised the insurance is not even higher price.We got a referal for our CA FAIR agent from the RE agent and they were real responsive. 

It's not like other markets where all info is online and everything is super fast and easy.

I have read a lot of posts on Residential Assisted Living, that I am considering getting involved in, and seems like many of the posts make reference to RAL Academy and noted that there is an online version and in person version . . . wondering if any of you have taken either and if you would recommend one over the other and why.

When people can't cover their costs is when things spiral out of control.The rehab portion of this industry is not easy to navigate. 

I find it hard to believe that you would risk a 9 figure portfolio for $300kI am not saying that getting a 1m payout on a destroyed property is easy.

Hi Dave in Northern, NJ-I am sorry to hear you have a single family rental facing foreclosure.You have it in an LLC and wonder what your options may be to delay foreclosure.Lenders do not want to take properties back and have a nonperforming loan.The best time to work with your lender is as soon as possible but certainly before the sheriff's sale.After the sheriff's sale, there is a redemption period where you can still sell it and the length of time varies from state to state and may depend on if it is vacant (avoid that for a variety of reasons), if tenants have a lease and have rights, or if someone is occupying the property.Working with the lender may not be easy but do not give up.Also, reach out to investors, who buy properties in foreclosure or pre-foreclosure, and see if they would be interested in curing the default and buying the property.To Your Success!

In my area it's pretty easy and cheap to switch it over to the LLC.

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